Corporate tax planning is a competitive necessity. A company’s tax planning must be in step with its evolution, and can even shape its forward motion. The strategic placement of tax expense as the last line on a company’s income statement makes its management critical to a number of stakeholders. Following Sarbanes-Oxley and other financial control requirements, corporate tax planning has come under ever-increasing scrutiny. The TaxStream Solution allows you to manage and document your tax planning effectively and efficiently.
- FIN 48 - Use TaxStream to manage risk though comprehensive documentation, tracking, and analysis of your uncertain tax positions.
- What Ifs - Create an unlimited number of what-if or planning scenarios – without compromising the integrity of your actual data.
- Forecast - Compare your forecast information side-by-side with your actual information and isolate the differences.
- Interim Reporting - Store and present your data on a monthly, quarterly, and annual basis, rolling together three months into a quarter or four quarters into a year, as needed. Annualize your quarterly data, create year-to-date reports, and layer on discrete items.
- Trend Analysis - Compare the changes in your provision between any two periods and report on how data changes over time.
- Effective Rate Management - Track and manage your effective rate in detail, entity by entity, line item by line item.